1.52 Acres Lot
1.52 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Zilker Hilltop Add
MLS Listing ID 7957053
HOA Y/N No
Tax Year 2023
Lot Size 1.520 Acres
Acres 1.5204
Property Sub-Type Unimproved Land
Source actris
Property Description
Per a comprehensive land study recently completed, up to 23k sq ft can be developed inclusive of all protected trees for an incredible family estate with primary home, in-law living structure and even a guest house for a truly unique generational estate. Per the same feasibility study, a visionary developer could build 3500-4500 sq ft individual homes with private lots and pools. At current price and assuming $900/ft exit prices 1.5-2 years out as a development project, it projects to a 15-20% project rate of return. Seller is open to creativity and flexibility on the development side.
Location
State TX
County Travis
Zoning Zoned SF3 but could buil
Interior
Fireplace No
Exterior
Community Features Park
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description Creek,Stream
View City, City Lights, Creek/Stream, Hill Country, Park/Greenbelt
Building
Lot Description Public Maintained Road, Trees-Large (Over 40 Ft), Many Trees, Trees-Medium (20 Ft - 40 Ft)
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Zilker
Middle Schools O Henry
High Schools Austin
School District Austin Isd
Others
Special Listing Condition Standard
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